WILMINGTON, Del., July 8, 2014 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of LSB Financial Corp.
(NASDAQ GM: LSBI)?
- Did you purchase any of your shares prior
to June 4, 2014?
- Do you think the proposed buyout price is
too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of LSB
Financial Corp. ("LSB Financial" or the "Company") (NASDAQ GM:
LSBI) regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by Old National Bancorp ("Old National") (NASDAQ GS:
ONB), in a transaction valued at approximately $66.7 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/lsb-financial-corp-lsbi.
Under the terms of the agreement, public shareholders of LSB
Financial would receive 2.269 shares of Old National common stock
and $10.63 in cash for each share of
LSB Financial they own. Based on Old National's closing stock
price on June 3, 2014, LSB Financial
shareholders would have received consideration valued at
approximately $41.67 per share.
The investigation concerns whether LSB Financial's board of
directors failed to adequately shop the Company and obtain the best
possible value for LSB Financial's shareholders before entering
into an agreement with Old National.
If you own the common stock of LSB Financial and purchased your
shares before June 4, 2014, if you
have information or would like to learn more about these claims, or
if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington,
DE 19803, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/lsb-financial-corp-lsbi.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.